0% commission for ETF tradesEnstar Group Limited Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
A buy signal generated when short-term moving averages cross long-term moving averages in an upward direction.
Sell Signal (MA)
A sell signal generated when short-term moving averages cross long-term moving averages in a downward direction.
AI Analysis of ESGR
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
Stronger technical forecast for Enstar Group Limited stock price after Thursday trading
(Updated on Sep 19, 2024)
Buy candidate since Sep 19, 2024
The Enstar Group Limited stock price gained 0.703% on the last trading day (Thursday, 19th Sep 2024), rising from $318.86 to $321.10. During the last trading day the stock fluctuated 0.604% from a day low at $319.43 to a day high of $321.36. The price has risen in 8 of the last 10 days and is up by 0.36% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 155 thousand shares were bought and sold for approximately $49.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $319.10 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Enstar Group Limited stock with a 90% probability to be traded between $322.16 and $353.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ESGR Signals & Forecast
There are mixed signals in the stock today. The Enstar Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $321.98. On a fall, the stock will find some support from the short-term average at $320.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, September 06, 2024, and so far it has risen 0.778%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Enstar Group Limited stock
Enstar Group Limited finds support from accumulated volume at $319.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.93 between high and low, or 0.604%. For the last week the stock has had daily average volatility of 0.529%.
Our recommended stop-loss: $303.25 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (ESGR) For The Upcoming Trading Day Of Friday 20th
For the upcoming trading day on Friday, 20th we expect Enstar Group Limited to open at $320.63, and during the day (based on 14 day Average True Range), to move between $318.31 and $323.89, which gives a possible trading interval of +/-$2.79 (+/-0.87%) up or down from last closing price. If Enstar Group Limited takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $319.96 (0.36%) than the resistance at $324.40 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enstar Group Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Enstar Group Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score:
2.717
Buy Candidate
Upgraded
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on September 20, 2024 - $320.63 ( 0.146%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for ESGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 322.56 | 0.455% |
| R2 | 321.82 | 0.225% |
| R1 | 321.37 | 0.0832% |
| Price | 321.10 | |
| S1 | 319.89 | -0.376% |
| S2 | 319.44 | -0.518% |
| S3 | 318.70 | -0.747% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 327.17 | 1.89% |
| R2 | 325.00 | 1.21% |
| R1 | 324.40 | 1.03% |
| Price | 321.10 | |
| S1 | 319.96 | -0.355% |
| S2 | 318.75 | -0.732% |
| S3 | 316.48 | -1.44% |
ESGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2007 | Jan 31, 2007 | Jan 30, 2007 | $3.00 | 2.89% |
FAQ
Click here for our free guide on how to buy Enstar Group Limited Stock.
